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Independent Bank Corporation (Ionia, MI)

36.32
USD
+0.37
+1.03%
Jan 30, 15:58 UTC -5
Closed
...

Independent Bank Corporation (Ionia, MI) Profile

About

Independent Bank Corporation is a bank holding company. Its subsidiary banks principally serve rural and suburban communities located across Michigan's Lower Peninsula. The Banks emphasize service and convenience as a principal means of competing in the delivery of financial services.

Info & Links

CEO

William B. Kessel

Headquarters

4200 E BELTLINE AVE
GRAND RAPIDS, MI 49525, UNITED STATES

Sector

Finance

Auditor

Crowe LLP

Share holders

1,200

Employees

832

Independent Bank Corporation (Ionia, MI) Statistics

Valuation Measures

Market Capitalization2

758.72M

Enterprise Value

838.07M

Enterprise Value/EBITDA(ttm)

--

Price to Earnings Ratio(ttm)

11.30

Price to Sales(ttm)

2.33

Price to Book(mrq)

1.61

Price to Cash(ytd)

10.08

Profitability

Gross Margin(ttm)

0.00%

Operating Margin(ttm)

20.85%

Profit Margin(ttm)

29.70%

Return on Equity(ttm)

15.26%

Return on Invested Capital(ttm)

11.42%

Return on Assets(ttm)

1.24%

Income Statement

Revenue(ttm)

0.00

Revenue Per Share(ttm)

0.00

Gross Profit(ttm)

0.00

EBITDA(ttm)3

0.00

Net Income Available to Common(ttm)

62.07M

Diluted EPS(ttm)

2.94

Share Statistics

Beta (5Y Monthly)

1.03

52-Week Change

64.15%

S&P 500 52-Week Change

25.29%

S&P 500 Member

Yes

Stock Optionable

Yes

Total Shares Outstanding1

20.89M

Dividend Yield

2.76%

Float4

19.75M

% Held by Insiders

5.45%

% Held by Institutions

79.43%

Balance Sheet

Total Cash(mrq)

0.00

Total Cash Per Share(mrq)

0.00

Total Debt(mrq)

79.35M

Total Debt/Equity(mrq)

17.54%

Current Ratio(mrq)

--

Quick Ratio(mrq)

0.88%

Book Value Per Share(mrq)

21.65

Cash Flow

Operating Cash Flow Per Share(ytd)

2.22

Free Cash Flow(ytd)

43.14M

Table Key

mrq = Most Recent Quarter

ttm = Trailing Twelve Months

ytd = Year To Date

Footnotes

Data provided by Zacks Investment Research or calculated by FXEmpire. All numbers are rounded to the closest decimal.

  • 1 Total Shares outstanding is taken from the most recently filed quarterly or annual report.
  • 2 Market Cap is calculated using total shares outstanding and the most recent share price.
  • 3 EBITDA is calculated using methodology that may differ from that used by a company in its reporting.
  • 4 The float is a measure of the number of shares available for trading by the public. It's calculated by taking the number of issued and outstanding shares minus any restricted stock, which might not be publicly traded.
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